D003-4

 NEWCREST MINING LIMITED
(Newcrest Operations Limited)


EL9/2005
Red Hills

Final Report for the Period
1/7/2005 to 30/6/2008


Compiled by:	Ian J. Tedder, Joel Kitto & Nicholas Fitzpatrick
		
July 2008
		
SUMMARY

Newcrest Mining Limited commenced exploration for gold rich deposits at Red Hills, on being granted EL9/2005 on the 1st July 2005.  The tenement encompasses 8 km2 of prospective Mount Read Volcanics approximately 1 km to the east of the Henty gold mine.  

Two main mineralisation styles have been previously explored for in the Red Hills area.

1.	Stratabound gold rich polymetallic VHMS associated with black shales and volcanogenic siltstones hosted by coarse to fine grained, feldspar and feldspar-quartz phyric clastics.

2.	Chlorite-hematite-K feldspar-pyrite chalcopyrite vein stockworks in massive rhyolites-dacites. 

Newcrest’s exploration  strategy was to drill test for deeper extensions of the gold rich polymetallic horizons, test the copper dominated stockwork zone and also to re-assess the potential of the area for Henty style mineralisation.

Initial exploration focused on drilling underneath known anomalous stratigraphy, which had been tested by previous exploration companies at only relatively shallow levels.  Two diamond drill holes, (NCT006 – NCT007) were completed for 1,511 m.  Programs of soils and rock chips sampling together with reconnaissance geological mapping were also completed.

In the second year of exploration (June 2006 - July 2007) a further two diamond drill holes, (NCT009 – NCT010) were completed for 1,099.7 m along with additional soil and rockchip sampling.

In late 2007 Newcrest undertook a restructure of corporate management and revised exploration strategy. As a consequence Newcrest has ceased exploration work in Tasmania.  Efforts to locate a suitable joint venture partner to continue the exploration effort failed, so the tenement is to be totally relinquished.





DIGITAL  FILES 

EL9_2005_200806_01_Report.pdf
(Report Text &  Figures 1 & 2)


EL9_2005_200806_02_File Verification.txt
(File Verification Listing)




Datum
MGA - MGA94 Zone 55


Distribution

Mineral Resources Tasmania

Newcrest Mining Limited - S.E. Australia